Petrobras Shuts Fifth Most Productive Well

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil producer, shut its fifth most productive well after detecting a leak of 160 barrels in deep waters of the Atlantic Ocean.

Petrobras, as the Rio de Janeiro-based producer is known, spilled oil from the production column at the Carioca Nordeste well before shutting output, the company said today in an e- mailed statement. The well produced 25,034 barrels a day, or 1 percent of Petrobras’ domestic output in November, according to the country’s oil regulator.